definition
strict definition
owner-occupied office
An undivided business workplace owned and occupied by the same person or organization.
Commercial owner-occupied office space refers to an undivided business workplace which is both owned and occupied by one entity. It is distinguished from office condominiums, which refer to spaces subdivided into multiple owner-occupied units.
The owner and occupant are the same entity, and the workplace remains undivided for this ownership arrangement. A workplace leased to a different occupant is rental office space.
An office condominium divides the office space into separate owner-occupied units. Ownership of one such unit differs from owning and occupying an undivided workplace.
owner-occupied office Photos
Related definitions
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business incubator
Office space reserved for new businesses while they establish themselves and prepare to grow. -
coworking office
Desk-work space rented to different individuals or small groups, usually from separate organizations. -
law office
Commercial or private office space devoted exclusively to one or more legal practices. -
office condominium
Non-industrial office space divided into separate units owned and occupied by their respective owners. -
rental office
Desk-based commercial workplaces leased to occupants by a different property owner. -
work studio/atelier
Workspace reserved for non-industrial artistic, design, media-production, or other creative activity.